Cellino seals Cagliari sale

Leeds United owner Massimo Cellino has sold Cagliari Calcio to Italian company Fluorsid Group for an undisclosed fee, the Serie A club announced on Wednesday.

Last Updated: 11/06/14 at 09:52 Post Comment

Massimo Cellino: Purchased Cagliari in 1992

Massimo Cellino: Purchased Cagliari in 1992

Free £50 bet

Daily Offers and Promotions, sign up for a free £50 matched bet

Fluorsid, a chemical company based in Cagliari and owned by the Giulini family, has acquired 100 per cent stake of the Sardinia football club for a reported 45million euros.

A statement from the club read: "Today (Wednesday) a contract has been signed for the sale of the 100 per cent stake of Cagliari Calcio to Fluorsid Group."

Cellino purchased Cagliari in 1992 and had been looking to sell the Sardinia-based outfit since acquiring a 75 per cent stake in Leeds earlier this year.

He revealed last week he had entered negotiations with the Giulini family to hand over the club after the sale of Cagliari to an American consortium group fell through earlier this month.

"During the first few months of 2014, I convinced myself that the time had come to end my 22-year experience at the helm of Cagliari Calcio," Cellino told the club's official website.

"They have been intense and marvellous years during which I have experienced unforgettable moments.

"I want to thank everyone that has accompanied me in this journey.

"The club shareholders have taken a careful decision with regards to the sporting ambitions of the club, the seriousness of the project and the adherence of the territorial values.

"Cagliari Calcio is in need and deserves a precise and ambitious project. Fluorside Group and Tommaso Giulini are a guarantee in this sense.

"The fans can be calm. Cagliari Calcio will continue a journey of sustainable growth."

New owner Tommaso Giulini inherits a club that finished 15th in the Serie A standings, seven points clear of the drop zone.

"The Cagliari Calcio that I have in mind is ambitious," Giulini said. "It has very clear foundations: the development of a successful technical project, the growth of the youth system, innovation and to make our brand more international.

"The next few days will serve, besides defining the details of the deal, to create a working plan in order to face the main issues, such as coaching staff, team, sponsors and the stadium."

Free £50 bet

Daily Offers and Promotions, sign up for a free £50 matched bet

Related News

Most Commented

Readers' Comments

H

e made his power play to try and get Sheikhy to raise his wages or trade him to PSG. PSG were probably not interested and he is stuck with no cake and no vacation. @Jay_D> Surely you jest about FFP being real, right? All Platini is doing is making billionaries pay measly fines, so he and his cronies can get rich. If a fool can pay 50 mil for David Luiz, he will happily pay some fine to UEFA. FFP has failed as for it to succeed UEFA had to take it...

Synergy
Toure: I am staying with City

G

uess we can expect Toure's explanation of his behaviour around the same time Pete Townshend publishes his book then.

ceeps
Toure: I am staying with City

D

amn you Yaya, don't scare me like that! I only ate the icing. I didn't eat the soft and scrumptious middle - I will buy you another cake!

MCFC87
Toure: I am staying with City

Footer 365

Transfer news: Fulham sign midfielder Adil Chihi on free transfer

Fulham have signed Morocco international Adil Chihi on a one-year deal, with the option of a further 12 months.

Premier League: Darron Gibson makes Everton comeback after nine months out with cruciate injury

Darron Gibson made his comeback after nine months out with a serious knee injury in Everton's friendly against Tranmere.

Premier League: Brendan Rodgers insists Liverpool will move on without Luis Suarez

Liverpool manager Brendan Rodgers insists there is no bad blood between the club and the outgoing Luis Suarez.

Mail Box

Defending Woodward With Perspective

One Mailer is telling us to hold fire on our Woodward criticism, whilst we also have some wonderful PFA Team of The year geekery, a well done to Vieira and much more...

Why The Obsession Over The Captaincy?

Asks the morning mailbox, before hastily returning to the debate over who should replace Steven Gerrard. Plus, thoughts on Ed Woodward's spending plans and more...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property